https://www.taxtmi.com/highlights?id=73111 Disallowing the investment allowance claimed u/s 32AC(1A) - The plain reading of Section 32AC makes it very clear in case the assessee claim depreciation on new asset then it cannot claim investment allowances on the new asset to the extent of depreciation already claimed as per the provisions of Section 32AC of the Act. - AT en-us Mon, 20 Nov 2023 08:27:23 +0530 Mon, 20 Nov 2023 08:27:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73111 Disallowing the investment allowance claimed u/s 32AC(1A) - The plain reading of Section 32AC makes it very clear in case the assessee claim depreciation on new asset then it cannot claim investment allowances on the new asset to the extent of depreciation already claimed as per the provisions of Section 32AC of the Act. - AT Highlights Income Tax Mon, 20 Nov 2023 08:27:23 +0530 https://www.taxtmi.com/highlights?id=73111